The global hydrogen energy storage market size is expected to reach around US$ 29.26 billion by 2030 from US$ 15.52 billion in 2021 and is expected to grow at an impressive double-digit rate of 7.5% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global hydrogen energy storage market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Hydrogen Energy Storage Market
| Report Coverage | Details |
| Market Size by 2030 | USD 29.26 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.5% |
| Asia Pacific Market Share in 2021 | 38% |
| Solid Segment Market Share in 2021 | 49% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights:
- Based on the technology, the compression storage technologysegment dominated the global hydrogen energy storage market in 2021 with largest market share. The compressed form of hydrogen is used as fuel for the automobiles and vehicles on a large scale. This factor is driving the growth of the segment.
- On the basis of physical state, the solidsegment holds the largest market share the global hydrogen energy storage market in 2021. The large amount of hydrogen is stored as solid form as this can be used as liquid or gas form in later stages.
- Based on the application, the industrial segment dominated the global hydrogen energy storage market in 2021 with largest market share. There is surge in demand for electricity in industrial areas. This factor is driving the segment growth during the forecast period.
- North America region is the fastest growing region in the hydrogen energy storage market. The government of developed countries such as the U.S. is constantly striving for the conservation of energy. Various activities are being carried out for creating awareness about conservation of energy among people. In addition, the existence of major market players in the region is propelling the growth of the hydrogen energy storage market in the region.
- Asia-Pacific is the largest segment for hydrogen energy storage market in terms of region. The growing demand for clean and green energy is contributing to the expansion of the growth of the Asia-Pacific hydrogen energy storage market. Moreover, the hydrogen is widely used for various industries.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global hydrogen energy storage market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global hydrogen energy storage market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global hydrogen energy storage market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hydrogen energy storage are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global hydrogen energy storage market include:
- Air Liquide
- Steelhead Composites Inc.
- Air Products Inc.
- ITM Power
- Iwatani Corporation
- Nedstack Fuel Cell Technology BV
- Cummins Inc.
- Engie
- Nel ASA
- Linde PLC
Market Segmentation:
By Technology
- Compression
- Liquefaction
- Material Based
By Physical State
- Solid
- Liquid
- Gas
By End User
- Residential
- Commercial
- Industrial
By Application
- Stationary Power
- Transportation
Regional Analysis:
The geographical analysis of the global hydrogen energy storage market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global hydrogen energy storage Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global hydrogen energy storage market in 2030?
- What is the expected CAGR for the hydrogen energy storage market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global hydrogen energy storage market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hydrogen Energy Storage Market
5.1. COVID-19 Landscape: Hydrogen Energy Storage Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hydrogen Energy Storage Market, By Technology
8.1. Hydrogen Energy Storage Market, by Technology Type, 2022-2030
8.1.1. Compression
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Liquefaction
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Material Based
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hydrogen Energy Storage Market, By Physical State
9.1. Hydrogen Energy Storage Market, by Physical State, 2022-2030
9.1.1. Solid
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Liquid
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Gas
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Hydrogen Energy Storage Market, By End User Type
10.1. Hydrogen Energy Storage Market, by End User Type, 2022-2030
10.1.1. Residential
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Commercial
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Industrial
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Hydrogen Energy Storage Market, By Application Type
11.1. Hydrogen Energy Storage Market, by Application Type, 2022-2030
11.1.1. Stationary Power
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Transportation
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Hydrogen Energy Storage Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.1.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.1.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.1.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.2.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.2.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.2.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.2.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.2.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.3.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.3.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.3.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.3.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.3.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.4.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.4.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.4.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.4.7.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.4.8.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.5.5.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Physical State (2017-2030)
12.5.6.3. Market Revenue and Forecast, by End User Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Application Type (2017-2030)
Chapter 13. Company Profiles
13.1. Air Liquide
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Steelhead Composites Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Air Products Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ITM Power
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Iwatani Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Nedstack Fuel Cell Technology BV
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Cummins Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Engie
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Nel ASA
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Linde PLC
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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